Barrow Hanley Mewhinney & Strauss LLC Grows Position in Gentherm Incorporated (NASDAQ:THRM)

Barrow Hanley Mewhinney & Strauss LLC boosted its stake in Gentherm Incorporated (NASDAQ:THRM - Free Report) by 1.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 951,798 shares of the auto parts company's stock after purchasing an additional 10,402 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned about 3.01% of Gentherm worth $46,943,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Headlands Technologies LLC raised its stake in shares of Gentherm by 86.1% during the first quarter. Headlands Technologies LLC now owns 523 shares of the auto parts company's stock valued at $30,000 after acquiring an additional 242 shares during the last quarter. Quadrant Capital Group LLC increased its holdings in Gentherm by 211.4% during the 4th quarter. Quadrant Capital Group LLC now owns 1,149 shares of the auto parts company's stock valued at $60,000 after purchasing an additional 780 shares during the period. TFO Wealth Partners LLC raised its position in Gentherm by 44,050.0% during the 4th quarter. TFO Wealth Partners LLC now owns 1,766 shares of the auto parts company's stock valued at $92,000 after purchasing an additional 1,762 shares during the last quarter. Palouse Capital Management Inc. purchased a new stake in Gentherm in the 2nd quarter worth approximately $92,000. Finally, Hsbc Holdings PLC grew its position in shares of Gentherm by 3.5% in the 2nd quarter. Hsbc Holdings PLC now owns 6,834 shares of the auto parts company's stock worth $337,000 after buying an additional 229 shares during the last quarter. Institutional investors own 97.13% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on THRM shares. StockNews.com raised shares of Gentherm from a "hold" rating to a "buy" rating in a research report on Friday, August 9th. Robert W. Baird decreased their price target on shares of Gentherm from $65.00 to $60.00 and set a "neutral" rating for the company in a research note on Friday, July 12th. Finally, JPMorgan Chase & Co. cut their price objective on Gentherm from $60.00 to $56.00 and set an "underweight" rating on the stock in a research report on Monday, July 22nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $62.00.

Gentherm Stock Down 1.4 %

Shares of THRM stock traded down $0.69 during mid-day trading on Monday, hitting $47.88. The company's stock had a trading volume of 145,918 shares, compared to its average volume of 173,011. The stock has a market cap of $1.52 billion, a price-to-earnings ratio of 32.79 and a beta of 1.43. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.46 and a current ratio of 2.11. Gentherm Incorporated has a 52-week low of $38.21 and a 52-week high of $62.93. The business has a 50-day moving average price of $49.86 and a 200 day moving average price of $51.27.

Gentherm (NASDAQ:THRM - Get Free Report) last announced its earnings results on Wednesday, July 31st. The auto parts company reported $0.66 earnings per share for the quarter, beating analysts' consensus estimates of $0.62 by $0.04. Gentherm had a net margin of 4.61% and a return on equity of 14.03%. The business had revenue of $375.70 million during the quarter, compared to analyst estimates of $375.82 million. During the same period in the previous year, the business earned $0.58 EPS. The company's quarterly revenue was up .9% compared to the same quarter last year. Research analysts predict that Gentherm Incorporated will post 2.81 EPS for the current fiscal year.

Insider Transactions at Gentherm

In other Gentherm news, CEO Phillip Eyler sold 15,000 shares of the company's stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $50.03, for a total value of $750,450.00. Following the completion of the sale, the chief executive officer now owns 147,317 shares in the company, valued at $7,370,269.51. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders sold 34,402 shares of company stock worth $1,727,430 in the last three months. Corporate insiders own 1.91% of the company's stock.

Gentherm Company Profile

Gentherm Incorporated designs, develops, manufactures, and sells thermal management and pneumatic comfort technologies in the United States and internationally. The company operates in two segments, Automotive and Medical. The Automotive segment offers climate comfort systems, which include seat heaters, blowers, and thermoelectric devices for variable temperature climate control seats and steering wheel heaters that are designed to provide thermal comfort to automobile passengers; integrated electronic components, such as electronic control units; and other climate comfort systems, including neck and shoulder conditioners and climate control system products for door panels, armrests, cupholders, and storage bins.